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Sep 24, 2012
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we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a few sort of down days as though the market were saying, he gave us what we expected and now it's time to get a little smart. >> it's time to get smart. the earning season could be choppy. i think a lot of people are waiting for that. actually, that's a smart move. don't think you'll see much in the next probably three weeks that will motivate anybody in either direction very seriously. i would like to say i'm a little more positive about it. i think i might be in the minority on this, but i do think we'll probably see some surprises -- >> you got the earnings season right up against the election, wh
we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a...
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Sep 7, 2012
09/12
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we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis a
we have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to...
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Sep 6, 2012
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states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix our debt situati
states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and...
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Sep 27, 2012
09/12
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david foon is part of the fastest growing jewish newspaper in the united states. gentlemen, how big of a factor is this tension between iran and israel factored into the price of oil? >> there's no question that today's run-up, marimaria, was direct reaction. we got a leak of some of the speech earlier before the market opened that, in fact, prime minister netanyahu was going to state what this red line was going to be all about. now we know. of course, it comes on the heels of ahmadinejad's speech yesterday. this got right back in the forefront of the traders and the markets' mind here. what it represents, of course, for oil is, you know, the mother of all supply risks here. the strait of hormuz comes into play. the whole region comes into play. obviously, it's almost a mild reaction given what we got here today. we're clearly on a path to something, some confully grags. i do say given that netanyahu says they won't get to that final stage until next summer, we have some time. >> david, what did you think of the red line speech? netanyahu has pressed for this bef
david foon is part of the fastest growing jewish newspaper in the united states. gentlemen, how big of a factor is this tension between iran and israel factored into the price of oil? >> there's no question that today's run-up, marimaria, was direct reaction. we got a leak of some of the speech earlier before the market opened that, in fact, prime minister netanyahu was going to state what this red line was going to be all about. now we know. of course, it comes on the heels of...
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Sep 12, 2012
09/12
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it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for $1.7 billion. the subhead says they hope to reach an agreement this month. the price spiked. the stock is up 10%. back to you. >> thank you so much, brian. if world investors are right, get ready for another intervention to boost the economy. >> mean time, we're going to talk about whether it's needed or not. peter says any fed action is not going to help and it's wrong. others say the economy needs it right now. let's talk about it and get your perspective on this. peter, you saw the employment numbers last friday. you don't think we need more fed intervention? >> we need more
it starts deliveries in the united states the following friday on the 21st. we'll have more on this coming up all day here. let's get to brian shactman with his market flash. >> thank you very much, bill. there is news out there outside of apple. i want to take a look at dole foods, the iconic brand now a smaller cap company just under $1 billion. right around 1:00, the nikkei reported. the headline and the subheader, they reported a japanese company was acquire two dole food units for...
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Sep 28, 2012
09/12
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they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening here. down about 60 points on the dow jones industrial average. >> coming up, the best on the street to help you get ready for the start of the fourth quarter, which begins monday. some think there are october storms ahead for the final three months of the year. >>> and are the huge tax hike on top earners in france today a preview of coming attractions of what will happen in america? that and more coming up on "closing bell." ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. now covering 3000 more 4g cities and towns than verizon. at&t. rethink possible. now cover
they're going to do as well as they did in the united states. china is just going to get larger and larger. i would recommend buying it. >> all right, gentlemen. i'm sorry, but we're out of time. i apologize for that. >> not that big of a deal to say you're sorry. >> we're sorry. we're sorry. >> did feel good. you're right. see you later. >> you crack me up. 30 minutes before the closing bell sounds for the day and for the quarter. we have a market that's worsening...
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Sep 18, 2012
09/12
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states, right? >> i think that's a very good thing, yeah. >> very healthy conversation. some, even though they're calling these comments a disaster for the romney campaign, others are not. donald trump, for one. he's what he told the gang on "squawk box." this morning. >> these statements that were very unfortunate, i guess. i don't think he should apologize. he's probably right. he probably won't get any of those votes, but he should not be apologizing. >> so is donald trump right? should romney just stand behind though comments? joining us to break it down is director of the tax policy center and our own rick santelli. rick, you agree with trump? >> i'm not going to agree or disagree with trump. my opinion is he stated basic facts, not an elegant fashion. sometimes the facts aren't easy to swallow. the issue here isn't about that sound bite. the issue here is about the media. we have a $16 trillion debt. we have a jobs program, or many jobs programs that haven't worked. we have a federal reserve w
states, right? >> i think that's a very good thing, yeah. >> very healthy conversation. some, even though they're calling these comments a disaster for the romney campaign, others are not. donald trump, for one. he's what he told the gang on "squawk box." this morning. >> these statements that were very unfortunate, i guess. i don't think he should apologize. he's probably right. he probably won't get any of those votes, but he should not be apologizing. >> so...
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Sep 13, 2012
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states. >> yeah, i agree with you on that, bill, but i just want to make a point that i've heard a lot of politicians talk about unemployment. i've not heard any single person talk in a more impassioned way. you can agree or disagree with his prescription, but as far as i can tell, he's the only one in the political establishment doing anything about it. so i think that's an important thing. and that's one of the reasons why, you know, he feels -- he's pointing out that fed policy is not a panacea. he needs help from the fiscal side. >> how come we're not getting it, steve? is it just because washington is so broken? >> i think it's so broken, and i think no side is willing to give the other side any advantage whatsoever until the election clarifies. >> i think that's outrageous. i think that's outrageous, really. i do. >> but it's the reality we face right now. lance roberts, what strikes you about -- i mean, are you hopeful that the economy can get better as ben bernanke suggests, or are you more concerned about what the implications are for this kitchen sink monetary policy we're ge
states. >> yeah, i agree with you on that, bill, but i just want to make a point that i've heard a lot of politicians talk about unemployment. i've not heard any single person talk in a more impassioned way. you can agree or disagree with his prescription, but as far as i can tell, he's the only one in the political establishment doing anything about it. so i think that's an important thing. and that's one of the reasons why, you know, he feels -- he's pointing out that fed policy is not...
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Sep 21, 2012
09/12
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number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was just going to see, weigh the geopolitical risk versus the spr noise and tell me where oil goes between now and the end of the year. >> well, we have 117 for the end of the year on brefnlt now our view is that the geopolitical noise is not likely to seriously dissipate, because there's no sign of progress in the iranian nuclear negotiations. there's no sign that the standoff will be eased any time soon, and without any easy off ramp, we don't see how this situation is resolved, so we think potentially 2013 you're really looking at a question of does iran get nuclear weapons capability, or do you take mili
number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was...
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Sep 11, 2012
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probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is
probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls...
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Sep 13, 2012
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i think foreigners should definitely love the united states. they should definitely love president obama because every country is getting rich on us. in particular, china and the opec nations. they're getting absolutely rich dealing with the united states because we have people that are incompetent and don't know what they're doing. >> in terms of domestic issues, the fed and bernanke say rates are going to stay exceptionally low until 2015. you surprised fwha? mid-2015. we're talking about three years of these low rates. why would anybody be in a rush to do anything with when you have plenty of time? >> they're creating phony numbers. they're doing it through stimulus. the stimulus, many people would say, is the worst thing that can happen. the dollar will go down in value. inflation will start rearing its ugly head. i think probably those two things will ultimately make for change. we'll see what happens. inflation will happen. the dollar will go down. >> what's your take on this market, donald? you said you had some investments in this marke
i think foreigners should definitely love the united states. they should definitely love president obama because every country is getting rich on us. in particular, china and the opec nations. they're getting absolutely rich dealing with the united states because we have people that are incompetent and don't know what they're doing. >> in terms of domestic issues, the fed and bernanke say rates are going to stay exceptionally low until 2015. you surprised fwha? mid-2015. we're talking...
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Sep 13, 2012
09/12
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no act of violence shakes the result of the united states of america. >> administration officials say they are there to contain protests and violence in yemen, egypt and around the region. back to you. liz: and dropped us if is any more news. that is the latest picture. this affects the markets and some way shape or form. it is being completely overwhelmed. this will continue as long as the federal reserve sees weakness. back here live at hewlett-packard headquarters in a fox business exclusive. a lot if you own this stock. coming up, the transformation of a company that has been under fire for several years now. we have the products over our shoulders here and the woman in charge who stepped up to the plate and said i am the one who believes i can really turn this company around. right here exclusively from the headquarters of hewlett-packard. ♪ everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clien
no act of violence shakes the result of the united states of america. >> administration officials say they are there to contain protests and violence in yemen, egypt and around the region. back to you. liz: and dropped us if is any more news. that is the latest picture. this affects the markets and some way shape or form. it is being completely overwhelmed. this will continue as long as the federal reserve sees weakness. back here live at hewlett-packard headquarters in a fox business...
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Sep 21, 2012
09/12
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oil prices down $77 a barrel and what that meant for consumers and gasoline providers in the united states and developed nations when you think of a goldilocks scenario is not the same as we saw in early 2007 but the idea of the s&p and nasdaq and multi-year highs and gasoline prices coming down, central accommodation and what is taking place now number are very bullish on the heels of a rebalancing they referred to earlier and i will tell you into the close. liz: volatility and the close and we will give you all the information you need and thanks, great to see you. have a good weekend. the mission is to help you make money no matter what is happening in the world and peter barnes got a window into the federal reserve's thinking in an exclusive interview with eric rosenfrance. the move to implement quantitative easing is already starting to work in the housing market. >> rates are low in the boston market. prices going up. if you think the federal reserve program will last a fixed period, you want to catch it and interest rates low and prices going up. liz: precisely. why did we play the
oil prices down $77 a barrel and what that meant for consumers and gasoline providers in the united states and developed nations when you think of a goldilocks scenario is not the same as we saw in early 2007 but the idea of the s&p and nasdaq and multi-year highs and gasoline prices coming down, central accommodation and what is taking place now number are very bullish on the heels of a rebalancing they referred to earlier and i will tell you into the close. liz: volatility and the close...
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Sep 12, 2012
09/12
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liz: for your sales, are you more worried about europe or the united states? >> short term, i don't worry about either that. we have long term views. i have initial investments for factories coming online in 14, 15, and 16. we use bad economic times as a time to accelerate our lead in industry, move in technology faster, invent things that are more receptive because the markets are ready for new stuff. liz: intel chips are inside the macbook air and today, apple chose at the point to announce the iphone5. you have been optical dare for a long time. how's the relationship with apple or is there tension there? >> i think it's good. they are a huge customer of ours with the mac line. we are doing great things to the. i'm optimistic with them launches with haswell next year. i would love to be in their phones and stuff, but right now, ios just runs on the other architecture. we'd love to help them do a great phone and tablet, but that's up to them. if i were them, though, you don't mess with the best. they have a good formula that works for them. we have to have s
liz: for your sales, are you more worried about europe or the united states? >> short term, i don't worry about either that. we have long term views. i have initial investments for factories coming online in 14, 15, and 16. we use bad economic times as a time to accelerate our lead in industry, move in technology faster, invent things that are more receptive because the markets are ready for new stuff. liz: intel chips are inside the macbook air and today, apple chose at the point to...
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Sep 14, 2012
09/12
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states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >> sequester was designed to be bad policy,n n tn to to be one and to be objectionable to both republicans and democrats. >> now, maria, what the white house is saying also, senior officials here in a briefing earlier today they hope now that some of these painful cuts are laid out, this could help marshal support from republicans to do something about the fiscal cliff before it hits at the end of this year. obviously, there's a big election between now and then. >> oh, yeah. thank you so much. worries those budget woes and tax hikes could come
states goes over the fiscal cliff. they have to engage in sequestration, or massive budget cuts. by the numbers, here's what in the proposal they put out today starting with a 9% cut to most pentagon programs. customs, the faa, and food inspection services. exempt from the cutbacks are social security, medicaid and also many veterans benefits. earlier today, white house spokesman jay carney said that the white house hopes it never has to put this plan into place. take a listen. >>...
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Sep 24, 2012
09/12
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do you suggest that the united states should curtail free speech? >> well, i would like to say in this way of where there is free speech, there is a human right. and i started the declaration of human rights but there is limit in exercising human right for all people, all nations. >> are you going to ask president obama to change his policy in any way on free speech? >> i don't think -- i'm not in a position to lecture any leader on this matter because one thing that i believe all leaders can take many lessons from what is happening worldwide, including the last incidents about the -- i incidents of anti-islam films. >> you have investors watching. indonesia, the 16th largest economy in the world. gdp of $850 billion. it's really been one of the bright spots in the emerging markets in this global slowdown and a new mckenzie report is predicting the economy getting to the seventh largest by 2030. what can you tell us in terms of your expectation for economic growth next year and in the coming years? >> well, i am pleased to say that even though we ar
do you suggest that the united states should curtail free speech? >> well, i would like to say in this way of where there is free speech, there is a human right. and i started the declaration of human rights but there is limit in exercising human right for all people, all nations. >> are you going to ask president obama to change his policy in any way on free speech? >> i don't think -- i'm not in a position to lecture any leader on this matter because one thing that i believe...
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Sep 17, 2012
09/12
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states. they're going to protect the prophet mohammed. a call from how t hezbollah. a lot of military. it may remember they're the ones involved in the 2006 war with israel, lots of rockets and a lot of abilities overseas to launch attacks against american interests and or western interests. we saw violence in afghanistan. they had to beat eaten back from the compound, and in pakistan wherwere they used water cannond tear gas to beat back protesters. they would temporarily close for the day because of the fear of how much anti-american violence would spin out of control in pakistan. there was more violence volatile cocktails, those kind of things. this was all sparked by that movie put on youtube, more of a clip, amateur thing being disrespectful to the prophet mohammed. i interviewed today one of the organizers of the original protest with a movie that began. i asked have you seen this movie? he said no, i haven't, but i heard about it. what is probably important to note, the protest are not
states. they're going to protect the prophet mohammed. a call from how t hezbollah. a lot of military. it may remember they're the ones involved in the 2006 war with israel, lots of rockets and a lot of abilities overseas to launch attacks against american interests and or western interests. we saw violence in afghanistan. they had to beat eaten back from the compound, and in pakistan wherwere they used water cannond tear gas to beat back protesters. they would temporarily close for the day...
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Sep 19, 2012
09/12
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we see their signs all over the united states. margaret, you would be the perfect person where we could check the temperature gauge. but the question that we ask is the most often-asked question, and that is, have we finally bottomed out because it matters to people who are looking to buy, to sell -- to buy, to sell, to refie, or to invest? -- to re-fi or to invest? >> you are exactly right. yes, i really do think we have bottomed out. the good numbers are for 14 months in a row we have had more sales each month for 14 months and the prices have gone up for the last 7 months. those are all great signs for us. in january i was cautiously optimistic. now i'm optimistic. liz: now we are going into the fall season. i never can figure out with you guys. oh the spring is the buying season. the fall is selling season. what is it as we head into fall? >> usually what happens, families like to move in the summer and they like to get their kids in by fall for school, and so usually fall into probably the first of the year, things start to t
we see their signs all over the united states. margaret, you would be the perfect person where we could check the temperature gauge. but the question that we ask is the most often-asked question, and that is, have we finally bottomed out because it matters to people who are looking to buy, to sell -- to buy, to sell, to refie, or to invest? -- to re-fi or to invest? >> you are exactly right. yes, i really do think we have bottomed out. the good numbers are for 14 months in a row we have...
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states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent point where you're unrscoring is the quandary that traders are in right now. they want to take it higher based upon central planning and central bank action, but then they pull away and they see notes like we got on intel today, and they worry about the fundamentals and the fundamentals actually support the equity prices up here. i think we'll probably run into the close and say a little flat. we will get the numbers here in about half hour. we can take a look at those now. they will truly come down to next
states. find out who it is and how he's doing it in a fox business exclusive. but back to this market that cannot decide whether to be up or down, let's get to the floor show right now. traders at the new york stock exchange, cme group and the nymex. it looks like a washout from the new york stock exchange, crossing 80 times the flat line, does what happens at the closing bell really matter today, versus how we trade on monday or in advance of what the fed does? >> well, it's an excellent...